HB Wealth Management LLC Boosts Stake in Digital Realty Trust, Inc. $DLR

HB Wealth Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,602 shares of the real estate investment trust’s stock after buying an additional 804 shares during the period. HB Wealth Management LLC’s holdings in Digital Realty Trust were worth $1,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nvwm LLC boosted its position in Digital Realty Trust by 1.9% in the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. Decatur Capital Management Inc. boosted its position in Digital Realty Trust by 0.4% in the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 61 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after buying an additional 63 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Digital Realty Trust by 6.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 65 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC lifted its position in shares of Digital Realty Trust by 3.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 66 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of several research analyst reports. Raymond James Financial increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Mizuho increased their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Finally, Barclays increased their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $190.74.

Digital Realty Trust Price Performance

DLR opened at $173.67 on Friday. The firm has a market cap of $59.23 billion, a price-to-earnings ratio of 45.58, a price-to-earnings-growth ratio of 4.93 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company’s 50-day moving average price is $170.03 and its 200 day moving average price is $165.75. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.22 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.